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March Central Ohio Market Update

Josh Dawson

My goal is simple: to help you make better real estate decisions...

My goal is simple: to help you make better real estate decisions...

Mar 15 2 minutes read

Defining Reality

While the mortgage rates may fluctuate in the short term, the prospect of returning to 6% is plausible. Furthermore, the demand from potential buyers remains strong, creating a favorable environment for sellers who are prepared to act promptly.

As the saying goes, "In the multitude of counsel, there is safety," and in this market, seeking the guidance of a reliable agent is essential for both buyers and sellers to make informed decisions about their real estate transactions. Following this advice can help navigate the current real estate landscape effectively.

Here are the three most important things to know about the Central Ohio real estate market in March 2023, and some more data you might find interesting:

Inventory Remains Below Pre-Pandemic Levels

Low inventory levels in Central Ohio are having the greatest impact on the market and will likely cause upward pressure on prices in Central Ohio.

New Housing Units

In 2022, Central Ohio produced more new housing units than any year since 2005 at 12,289, but well short of the 19,000 that the Building Industry of Central Ohio believes is needed annually to meet demand.

Rates will Impact Some Buyer Demand

Buyers are smart to discuss Adjusted Rate Mortgages (ARM's), Mortgage Buydowns, and other strategies with their trusted, local lender to combat higher rates.

Central Ohio Real Estate Stats

*Existing Homes Sales Only (Excludes Newly-Built Homes)



New Listings


Active Listings


Under Contract


Closed Sales

New Listings ⬇️


Compared to February 2022


Average Sales Price


Months of Supply


Average Days on Market


Average Price per Square Foot

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